$MORPHO #scalper #ScalperClub #Morpho Price = 2.3318
Bias: 🔴 BEARISH
The latest chart is clearly weaker than the previous bullish setups.
Price broke down from the consolidation/range. There is a strong bearish displacement on the right side. The previous green demand area has been breached. Price is currently sitting near the new Weak Low / 100% zone. Multiple red zones above are now potential supply / short-retest areas.
🎯 Best setup
🔴 SELL ON PULLBACK — preferred
Wait for price to retrace into the nearest red supply zone and show rejection.
Entry: rejection from red zone
SL: above the red supply / most recent swing high
TP1: current Weak Low
TP2: next lower liquidity/demand zone
⚠️ Avoid
Don't short directly at the current bottom.
The move down is already extended, so chasing here gives poor risk/reward.
If price instead reclaims the broken structure and closes above the nearby red zone, cancel the short idea and reassess.